$2 billion price tag for presidential election

$2 billion price tag for presidential election

Credit: AP

Republican presidential nominee Mitt Romney and President Barack Obama shake hands during the first presidential debate at the University of Denver, Wednesday, Oct. 3, 2012, in Denver. (AP Photo/Charlie Neibergall)

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by Associated Press

kvue.com

Posted on December 6, 2012 at 9:25 PM

WASHINGTON (AP) -- Campaign finance filings with the government now show that the cost of the 2012 U.S. presidential race has surpassed $2 billion.

The new tallies released Thursday, which include nearly $86 million in fundraising by Republican presidential nominee Mitt Romney in the election's final weeks, boosted the total campaign haul over the $2 billion mark.

The campaign's record-breaking expenditures on media ads were fueled by eye-popping amounts donated to "super" political action committees, including at least $95 million supporting Romney and other Republicans that came from a billionaire Las Vegas casino magnate.

Casino owner Sheldon Adelson and his wife gave $23 million to a super PAC headed by GOP strategist Karl Rove and $10 million to a pro-Romney political committee in recent weeks.

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